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May 13, 2012
05/12
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CNN
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>> i want to talk to both of you, senator durbin to you first. there was a story in "the washington post" this week with some firsthand accounts of mitt romney's high school years where certainly under any definition he was portrayed as a bully, apparently against a gay student. he said, look, i don't remember it. it certainly wasn't about the student being gay. do you think this story tells you anything about mitt romney? do you think this is an important point in a campaign where you start looking at who the person is? >> well, here is what it comes down to. i find it hard to believe that you couldn't remember that kind of an episode in your life, even if it occurred in high school. >> so you think he's lying? >> i'm going to say this -- well, i just say it's hard to believe he doesn't remember, but i will say this. there's not a single thing that i know about mitt romney in his adult life which suggests this kind of discrimination or this kind of prejudice. and so i don't believe it was a telling moment in terms of who he is today. it was obvi
>> i want to talk to both of you, senator durbin to you first. there was a story in "the washington post" this week with some firsthand accounts of mitt romney's high school years where certainly under any definition he was portrayed as a bully, apparently against a gay student. he said, look, i don't remember it. it certainly wasn't about the student being gay. do you think this story tells you anything about mitt romney? do you think this is an important point in a campaign...
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May 2, 2012
05/12
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CSPAN3
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i'm so happy and delighted to be here with you, senator durbin. i've traveled from coast to coast to visit dozens of cities and communities and to listen to immigrant stories. some of my colleagues have visited their cities that are here with me today. and immigrants tell me that they are regarded with suspicion. they tell me they are frequently treated differently because of the way they look, sound, or spell their last name. in alabama, i met 20-year-old martha, a young woman raised in the u.s. one late afternoon while driving, she was pulled over. she was arrested for driving without a license and jailed so her status could be checked. because her u.s. citizen husband was not present, their alabama-born 2-year-old son was taken from the back seat of her car and turned over to state welfare agency. in south carolina, i met g abino who has been in the u.s. for nearly 13 years. he's married, fourth of two south carolina-born kids who works hard and owns his own home. gabino was stopped because he was pulling into his mobile home community, one of
i'm so happy and delighted to be here with you, senator durbin. i've traveled from coast to coast to visit dozens of cities and communities and to listen to immigrant stories. some of my colleagues have visited their cities that are here with me today. and immigrants tell me that they are regarded with suspicion. they tell me they are frequently treated differently because of the way they look, sound, or spell their last name. in alabama, i met 20-year-old martha, a young woman raised in the...
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May 20, 2012
05/12
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WRC
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house budget chairman paul ryan and assistant majority leader democratic senator from illinois, dick durbin. also this morning or political roundtable. and my big question this week. if the election were held today, what would happen? the electoral map. the fight for middle-class votes. >> my mother and father dreamed as much as any rich guy dreams! they don't get us! they don't get who we are! >> and those questions of character. jeremiah wright and bain capital. >> i've been disappointed in the president's campaign to date which is focused on character assassination. >> with us this morning for the round table mike murphy. democratic mayor of newark corey booker. host of cnbc's mad money jim cramer. and wall street journal editorial board member kim strassel. >>> good morning. a big weekend of summits as the president is, as i said, on the world stage. these summits always attract protesters, and on the streets of chicago over the weekend that's been the case. mostly peaceful protests, anti-war, anti-nato. that'll be the big focus as the president meets with nato leaders this week. it's a
house budget chairman paul ryan and assistant majority leader democratic senator from illinois, dick durbin. also this morning or political roundtable. and my big question this week. if the election were held today, what would happen? the electoral map. the fight for middle-class votes. >> my mother and father dreamed as much as any rich guy dreams! they don't get us! they don't get who we are! >> and those questions of character. jeremiah wright and bain capital. >> i've been...
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May 21, 2012
05/12
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MSNBCW
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assistant majority leader and democratic illinois senator dick durbin and chairman of the house budget committee paul ryan republican of wisconsin, welcome to both of you this morning. >> thank you. >> good morning, gregory. >> good morning, dick. >> chairman ryan, let me start with you. this question of austerity in europe. they had failing economies, nearly depressed economies, the answer throughout the region was to slash their budgets. has it failed? >> well, no, david. i would say they've also raised taxes. they have -- this is a cautionary tale of what happens when politicians who make a lot of empty promises end up running out of the ability to borrow money at cheap rates and now they're broken promises. it's a cautionary tale of what will happen to us if we stay on the path we're on. we're saying let's get on growth and off austerity. get our borrowing under control, heading tax reform for economic growth and presenting medicare, social security and medicaid from going bankrupt. that prevents austerity. the president, his budget, the fact the senate hasn't done a budget in thre
assistant majority leader and democratic illinois senator dick durbin and chairman of the house budget committee paul ryan republican of wisconsin, welcome to both of you this morning. >> thank you. >> good morning, gregory. >> good morning, dick. >> chairman ryan, let me start with you. this question of austerity in europe. they had failing economies, nearly depressed economies, the answer throughout the region was to slash their budgets. has it failed? >> well,...
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May 23, 2012
05/12
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CSPAN2
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senators leahy and durbin recently announced the chairman durbin judiciary subcommittee on the constitution will hold a hearing on the senate proposals on july -- will hold a hearing on the senate proposals in july. i thank them for their support. the hearing will be a great opportunity to examine the different approaches to solicit input from constitutional experts and to have a national discussion about the need to return our elections to the american people. i hope this dialogue will convince some of my republican colleagues to join me. fixing our campaign finance system is only a partisan issue in washington. a recent "washington post"/abc news poll found that nearly 70% of registered voters would like superpacks to be illegal. among independent voters, that figure rose to 78%. but the court in its misguided reading of the first amendment told the congress that we can't rein in superpacs. in doing so, it give millionaires and billionaires unchecked power to influence our elections. it has allowed a flood of pac money to drown out the voices of average americans. this is a fatal misreadi
senators leahy and durbin recently announced the chairman durbin judiciary subcommittee on the constitution will hold a hearing on the senate proposals on july -- will hold a hearing on the senate proposals in july. i thank them for their support. the hearing will be a great opportunity to examine the different approaches to solicit input from constitutional experts and to have a national discussion about the need to return our elections to the american people. i hope this dialogue will...
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May 2, 2012
05/12
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CSPAN3
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senator durbin, you pointed out that the nation was shocked. if i could ask unanimous consent to put my entire statement in the record along with the list of the many organizations that are supporting the legislation that i filed, s. 1670. as you pointed out, senator durbin, the nation was shocked by the tragedy that took place in sanford, florida, the tragic death of 17-year-old trayvon martin. a very avoidable death. and the question i think most people are asking, and we want justice in this case. we're pursuing that. we have the department of justice investigation and very much want to see that investigation carried out. not only to make sure that justice is carried forward as far as those responsible for his death, but also as to how the investigation itself was handled. but i think the question that needs to be answered is whether race played a role in trayvon martin being singled out by mr. zimmerman. and that of course would be racial profiling. an area that we all believe we need to get rid of as far as the legitimacy of using racial p
senator durbin, you pointed out that the nation was shocked. if i could ask unanimous consent to put my entire statement in the record along with the list of the many organizations that are supporting the legislation that i filed, s. 1670. as you pointed out, senator durbin, the nation was shocked by the tragedy that took place in sanford, florida, the tragic death of 17-year-old trayvon martin. a very avoidable death. and the question i think most people are asking, and we want justice in this...
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May 20, 2012
05/12
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MSNBCW
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or for how a compromise might occur. >> senator durbin, let me ask you the same question. if government romney wins, voters are being told that these are contrasting views of government, big issues that are on the table. so if governor romney wins and becomes the president-elect, do democratic leaders, you and your other democratic leaders say, you know what, we're going to have to compromise on this in order to get something done so we're going to have to bend on our position of spending. we're going to have to bend on the issue of what the chairman proposes about medicare or on taxes themselves. we're going to have to give up the idea of raising taxes on higher income americans. >> i can tell you this, david. governor romney has said he wants to return to the same economic policies that we had under president bush that led us into this recession. he called paul ryan's budget marvelous. it cuts taxes for the wealthiest and eliminates medicare as we know it and makes deep cuts in programs that middle-income families need. here's the answer. instead of finger pointing and n
or for how a compromise might occur. >> senator durbin, let me ask you the same question. if government romney wins, voters are being told that these are contrasting views of government, big issues that are on the table. so if governor romney wins and becomes the president-elect, do democratic leaders, you and your other democratic leaders say, you know what, we're going to have to compromise on this in order to get something done so we're going to have to bend on our position of...
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May 2, 2012
05/12
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CSPAN3
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thank you. >> senator kuntz. >> thank you, chairman durbin. thank you for calling this hearing for your long and passionate and vigilant advocacy for civil rights and for your real leadership in this area for this legislation and for this hearing. in my own role prior to becoming a senator as county executive, i worked hard in the supervision of a 380-sworn officer department to ensure we had an effective and strong outreach, not just traditional subject to harassment and communities like the african-american and latino communities but also post-9/11 making sure there was better training and outreach in relationship with our muslim community and given incidents that occurred in our community making sure we stayed as a policing organization engaged. and accountable. and i just wanted to start, officer gale and chief davis, by thanking you for your leadership in the policing community and for your service to the public. i appreciate your starting by just helping me understand what's the impact on a police force? that practices racial profiling,
thank you. >> senator kuntz. >> thank you, chairman durbin. thank you for calling this hearing for your long and passionate and vigilant advocacy for civil rights and for your real leadership in this area for this legislation and for this hearing. in my own role prior to becoming a senator as county executive, i worked hard in the supervision of a 380-sworn officer department to ensure we had an effective and strong outreach, not just traditional subject to harassment and...
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May 24, 2012
05/12
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WGN
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the man in charge of selecting his replacement will be senator dick durbin. the process could take several months. the challenge two fold. finding an independent minded pros cuteder and someone who won't be entangled in election year politics. durbin will all look for someone who will get the backing of senator kirk. >>> it looked bigger than most of the nato protest. tonight thousands of chicago teachers stage a massive march and rally for better salaries. they paraded to chicago public school headquarters this evening. >> reporter: an estimated 10000 teachers, more than one third of the entire membership making their voices heard right through the heart of the town. a sea of red shirts marching down michigan avenue, then west on adams to headquarters on south clark street. >> what's the main message you want to convey today? >> we understand that times are tough and we're willing to make cuts but what they're offering us is selfish. >> reporter: teachers first rallied late this afternoon. they were bussed in after school let out. after several speakers and
the man in charge of selecting his replacement will be senator dick durbin. the process could take several months. the challenge two fold. finding an independent minded pros cuteder and someone who won't be entangled in election year politics. durbin will all look for someone who will get the backing of senator kirk. >>> it looked bigger than most of the nato protest. tonight thousands of chicago teachers stage a massive march and rally for better salaries. they paraded to chicago...
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May 2, 2012
05/12
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CSPAN3
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. >> good morning, senator durbin, ranking member graham. thank you for having me this morning. senator franken, senator blumenthal. i'm delighted to testify before you today. i am the national director of the american civil liberties uni union. a nonpartisan organization with over half a million members, hundreds of thousands of additional activists and supporters, and 53 state offices nationwide dedicated to the principles of equality and justice set forth in the u.s. constitution and in our laws protecting individual rights. for decades, the aclu has been at the forefront of the fight against all forms of racial profiling. racial profiling is policing based on crass stereotypes instead of facts, evidence, and good police work. racial profiling fuels fear and mistrust between law enforcement and the very communities they are supposed to protect. racial profiling is not only ineffective, it is also unconstitutional and violates basic noermrm of human rights b at home and abroad. my testimony lays out how race, religion, national origin, are used as proxies by suspicion in three
. >> good morning, senator durbin, ranking member graham. thank you for having me this morning. senator franken, senator blumenthal. i'm delighted to testify before you today. i am the national director of the american civil liberties uni union. a nonpartisan organization with over half a million members, hundreds of thousands of additional activists and supporters, and 53 state offices nationwide dedicated to the principles of equality and justice set forth in the u.s. constitution and...
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May 19, 2012
05/12
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CSPAN3
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you say dick durbin signed on to our commissioner report, and they say dick durbin? god, what is this? so it's names now. that doesn't help. i can tell you that i really feel you're going to see people come together and drop all of the phony stuff. and the phony stuff is i'm not going to touch medicare, medicaid, social security and defense. those people are fraud. total fraud. and here's one. every cent of revenue last year, everything, excised, sales, everything that the federal government brought in, went to only three programs. medicare, medicaid and social security and we borrowed everything else including the wars and homeland security and culture and infrastructure and research and development. that's where we are. >> so there is the hopeful case. i want to go back to last august and this relatively unprecedented stalemate over the debt limit. last august. we saw the downgrades of the u.s. fiscal position immediately coming out of that. and it did seem like that was a moment when the world was watching and where the country was watching washington and walked a
you say dick durbin signed on to our commissioner report, and they say dick durbin? god, what is this? so it's names now. that doesn't help. i can tell you that i really feel you're going to see people come together and drop all of the phony stuff. and the phony stuff is i'm not going to touch medicare, medicaid, social security and defense. those people are fraud. total fraud. and here's one. every cent of revenue last year, everything, excised, sales, everything that the federal government...
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May 8, 2012
05/12
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CSPAN2
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durbin: thank you. mr. president, we voted at noon today on whether we were going to start the debate on the student loan interest bill. for those who are following it, the largest federal loan to college students, the stafford loan, has a current interest rate of 3.4%. that interest rate expires on july 1 and doubles to 6.8%, meaning any students taking out a loan after that date will pay twice as much in interest. the practical impact of that is fairly clear. if you were to borrow $20,000 to go to college through the federal stafford loan and paid 3.4% on that $20,000, you would find that you were paying $4,000 less than you would pay if you were at 6.8%. so it adds roughly 20% to the cost of that student's loan over the life of repayment. that is a significant expense. most of us are aware or should be that students across america are going more deeply and deeply into debt to go to college. average college indebtedness, $24,000, but an average doesn't tell the story. because if you have one hand over a f
durbin: thank you. mr. president, we voted at noon today on whether we were going to start the debate on the student loan interest bill. for those who are following it, the largest federal loan to college students, the stafford loan, has a current interest rate of 3.4%. that interest rate expires on july 1 and doubles to 6.8%, meaning any students taking out a loan after that date will pay twice as much in interest. the practical impact of that is fairly clear. if you were to borrow $20,000 to...
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May 12, 2012
05/12
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[laughter] from a longtime friendship with senator durbin, i would have taken four minutes and given him four. that did not happen. we need to leave the acrimony to other bills and get together on this transportation bill. it is that important. i want to thank chairman mica for his leadership in this conference and commitment to ensuring a hard-working taxpayer dollars are used more efficiently. i think it is crucial transportation research programs be focused on enhancing safety, reducing congestion, and improving quality. i introduced legislation to achieve these goals for surface transportation research programs. we must provide better coordination to avoid -- provide for more competition in their reviews to insure the strongest programs are carried out with greater flexibility to give the programs focused on the most pressing national needs. i will be supporting chairman micah's efforts to make sure the funding is used for intended purposes. we need to move forward with repairing and rebuilding the nation's infrastructure. it has been two years since the deepwater tragedy. the pe
[laughter] from a longtime friendship with senator durbin, i would have taken four minutes and given him four. that did not happen. we need to leave the acrimony to other bills and get together on this transportation bill. it is that important. i want to thank chairman mica for his leadership in this conference and commitment to ensuring a hard-working taxpayer dollars are used more efficiently. i think it is crucial transportation research programs be focused on enhancing safety, reducing...
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May 13, 2012
05/12
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CSPAN
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durbin: mr. president? the presiding officer: the senator from illinois. mr. durbin: first i want to thank senator kerry, chairman of the senate foreign relations committee for coming to the senate floor and speaking about our mutual friend, colleague nor dick lugar, who serves as the ranking republican on that senate fr foreign relations committee. i am a new come her to that committee but i am not a newcomer to my knowledge of dick lugar. 16 years ago he was well-known throughout the mid-west for his service as mayor of indianapolis where he combined and made more efficient local units of government and i think the rebirth of indianapolis is attributed to those early steps by dick lugar. loretta, my wife and i, came to snow dick and his wife through an institute. i think we need to encourage where members come together to discuss foreign policy issues. dick lugar was there and always a major contributor when it came to issues of importance. before i arrived in the 123459 when you were still here, senator kerry, he teamed up with senator sam nunn to deal with
durbin: mr. president? the presiding officer: the senator from illinois. mr. durbin: first i want to thank senator kerry, chairman of the senate foreign relations committee for coming to the senate floor and speaking about our mutual friend, colleague nor dick lugar, who serves as the ranking republican on that senate fr foreign relations committee. i am a new come her to that committee but i am not a newcomer to my knowledge of dick lugar. 16 years ago he was well-known throughout the mid-west...
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May 22, 2012
05/12
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CNBC
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>> at the time of the durbin amendment, they had way less exposure. maybe mid-teens and debit and transactions and visa had larger. in addition, mastercard earns over half of the revenue outside the united states. visa does not own the european brand name. they have to buy the caster c d card. they have a terrific manager. >> i'm on board with your view. the ebitda margin is 20%. what do you think about the dividend side. that's a disappointment with the company that is this profitable and despite the fact that they are growing, don't you think they could be doing better on the dividend? >> they just doubled it. nothing wrong with that. >> on a percentage basis and a gross yield, it is nothing special. >> every business is confronted with the issue of how they reallocate capital and what the decision is. quite frankly, mastercard and visa are unlikely to be able to find businesses that can earn the high returns as they are earning in the basic business. their opportunity are to make strategic opportunities and raise their dividend as they doubled it a
>> at the time of the durbin amendment, they had way less exposure. maybe mid-teens and debit and transactions and visa had larger. in addition, mastercard earns over half of the revenue outside the united states. visa does not own the european brand name. they have to buy the caster c d card. they have a terrific manager. >> i'm on board with your view. the ebitda margin is 20%. what do you think about the dividend side. that's a disappointment with the company that is this...
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May 24, 2012
05/12
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CNBC
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and in the united states, of course, we're working our way through the costs of the durbin amendment which has been a significant blow. on the other hand, our overall growth, as you mentioned, we have mortgages up 30%. our loan book in the u.s. is growing 10%. deposit brook is growing 8%. >> i want to ask you about the durbin amendment and also the new regulatory normal, if you will. but let's stay on mortgages for a moment. what are you expecting in terms of rest of the year? how aggressive are you being in terms of extending loans to homeowners in the u.s.? >> well, i don't think we're actually being particularly aggressive by either in terms of rates. we offer obviously rates that are equivalent to the market but we're not stretching to get this growth. fundamentally what's happening is there's a refinance boom going on in the united states, and a number of our competitors are bogged down in problems in the mortgage business because we refuse to do subprime lending. we don't have those mortgage problems. so we have a pretty clean balance sheet, and we have lots of liquidity, and s
and in the united states, of course, we're working our way through the costs of the durbin amendment which has been a significant blow. on the other hand, our overall growth, as you mentioned, we have mortgages up 30%. our loan book in the u.s. is growing 10%. deposit brook is growing 8%. >> i want to ask you about the durbin amendment and also the new regulatory normal, if you will. but let's stay on mortgages for a moment. what are you expecting in terms of rest of the year? how...
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May 12, 2012
05/12
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CSPAN2
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eye 118
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but senator durbin -- durbin mentioned last time we did the bill was bipartisan but the last two times it was bipartisan but the economic situation was far different. the economy was strong last two times we passed transportation bills. the trust fund was flush with money and we had congressionally directed funding but we face unsustainable deficits and debt. we need to make sure we're moving forward with a bill that is paid for in a responsible way. not smoke and mirrors but make sure we pay for this in the right way. there are things we added to this. the keystone pipeline will improve our energy, the ability to get energy and create jobs. i believe this bill can be a job creator. can improve the economy but the key to what we believe in rows are the reforms. streamlining reforms. it takes 15 years to build a major construction project in this country. the state's lack the necessary flexibility to beside the greatest transportation needs in their states and also putting mandates on them that restrict how they spend the money and coming from pennsylvania with 5,000 be efficient bridge
but senator durbin -- durbin mentioned last time we did the bill was bipartisan but the last two times it was bipartisan but the economic situation was far different. the economy was strong last two times we passed transportation bills. the trust fund was flush with money and we had congressionally directed funding but we face unsustainable deficits and debt. we need to make sure we're moving forward with a bill that is paid for in a responsible way. not smoke and mirrors but make sure we pay...
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118
May 9, 2012
05/12
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CSPAN2
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durbin -- senator durbin commit thank you for making me. i know my good friend mr. and how to recognize you. when i was chairman last time as mr. bachus and we passed a good will. you're right about the 500 engines. it does work. and this is very hard to go up that hill and i complement the chairman on this. not understanding lusty picture fingers involved in making this soup, not many people will drink it. and this is very important because what we have done is try to pass a bill that no one has any interest in and transportation is a subject that everyone should have an interest with bipartisan way trying to improve our ability to transport goods and receive good student of manufactured projects to the ports to be able to ship them out. we are neglecting their duty right now if we don't establish a good transportation bill. this is when i'm going to be working on with the chairman and now they're working with the senate side if this breaks down. without i yield back the balance of my time. >> i'm please to be a big part of this conference committee. i want to than
durbin -- senator durbin commit thank you for making me. i know my good friend mr. and how to recognize you. when i was chairman last time as mr. bachus and we passed a good will. you're right about the 500 engines. it does work. and this is very hard to go up that hill and i complement the chairman on this. not understanding lusty picture fingers involved in making this soup, not many people will drink it. and this is very important because what we have done is try to pass a bill that no one...
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123
May 21, 2012
05/12
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CSPAN3
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eye 123
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the senator from illinois channelling dick durbin said in effect, you better believe it. we mean that. because what they understand themselves to be doing and i think this is an important piece of this that has been absent from our current conversation, they understood what the 14th amendment does for this country. a lot of people think of it as a generous act to people who are here and their children get to be citizens. fair enough. it is generous, but it is also what you see in the congressional debates. they wanted to be able to claim the allegiance of everyone who was here. if you are a citizen, then the reciprocal is that the nation can claim your allegiance. the reciprocal is that you don't have to keep track of who was born here and whose parents were born here. who is a citizen by birth. when i register my child in school, i bring a birth certificate to show this child was born here. i don't have to bring my mother's birth certificate or grandmother's birth certificate. one of my grandmothers was never a citizen. i don't have to prove -- nobody will question me ab
the senator from illinois channelling dick durbin said in effect, you better believe it. we mean that. because what they understand themselves to be doing and i think this is an important piece of this that has been absent from our current conversation, they understood what the 14th amendment does for this country. a lot of people think of it as a generous act to people who are here and their children get to be citizens. fair enough. it is generous, but it is also what you see in the...
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May 13, 2012
05/12
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CSPAN
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senator durbin was optimistic about finding a way to get along. do you agree? how strong an urge is there to compromise? >> to your fourth point about senator lugar, there have been discussions why they're trying to decide to why a person who spent 36 years in the senate could not win in a state for the democratic party did not even put up anyone to run against him. there was a debate that he voted from a farm and was staying in hotels. they felt it he had lost interest in their needs and with them. starting last congress with conservative members, they have opted for more establishment republicans and they will have a long internal debate. in order to get anything done, raising the debt ceiling again, which is subject by the next congress starts or extending the bush-era tax cuts with the help of democrats last congress, there
senator durbin was optimistic about finding a way to get along. do you agree? how strong an urge is there to compromise? >> to your fourth point about senator lugar, there have been discussions why they're trying to decide to why a person who spent 36 years in the senate could not win in a state for the democratic party did not even put up anyone to run against him. there was a debate that he voted from a farm and was staying in hotels. they felt it he had lost interest in their needs and...
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May 19, 2012
05/12
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KTVU
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james durbin will perform a free concert. durbin made it into the top four last season. his concert at the santa cruz beach boardwalk will highlight the annual season kickoff weekend, celebrating the start of the summer season. durbin will perform songs with his new band from his recently released album and, claudine, i know you're wondering, tonight's concert starts at 5:30. there are just two contestants left in this season of american idol. tune in tuesday at 8:00 p.m. to hear jessica san she says and phillips sing three songs. then wednesday, one will be crowned the next american idol, all right here on ktvu. >>> and today is ticket saturday. one lucky viewer will win two tickets to the american idol live tour. top 10 finalists at san jose's hp pavillion on sunday, july 22nd, san jose's own deandre brackensick is among the performers. for your chance to win, go to ktvu.com before midnight and put in that secret word, "seacrest." >>> time now, 9:52. a rare solar eclipse, visible in northern california. when and where you have the best chance to see it tomorrow. >>> ou
james durbin will perform a free concert. durbin made it into the top four last season. his concert at the santa cruz beach boardwalk will highlight the annual season kickoff weekend, celebrating the start of the summer season. durbin will perform songs with his new band from his recently released album and, claudine, i know you're wondering, tonight's concert starts at 5:30. there are just two contestants left in this season of american idol. tune in tuesday at 8:00 p.m. to hear jessica san...
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May 22, 2012
05/12
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CSPAN2
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eye 96
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durbin: mr. president, two weeks ago we were given a cautionary lesson about the need to ensure that our nation's banks are carefully regulated. we're still learning the details about the $2 billion bad bet made by banking giant j.p. morgan chase. what we've learned is disturbing. apparently the london office of this wall street giant crafted a credit derivative trading strategy that spun out of control over six weeks. at the center of the strategy was one single trader who was nicknamed -- quote -- "the london whale." one trader, six weeks, $2 billion gone. it's not clear how widely the repercussions of this trading loss will extend, but this incident clearly is an important reminder to all of us. it reminds us we can't afford to take a hands-off regulatory approach to the giant financial transactions on wall street. these institutions drove this nation to the brink of economic disaster just a few years ago. if they're simply left to their own devices, it could easily happen again. we need reaso
durbin: mr. president, two weeks ago we were given a cautionary lesson about the need to ensure that our nation's banks are carefully regulated. we're still learning the details about the $2 billion bad bet made by banking giant j.p. morgan chase. what we've learned is disturbing. apparently the london office of this wall street giant crafted a credit derivative trading strategy that spun out of control over six weeks. at the center of the strategy was one single trader who was nicknamed --...
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May 7, 2012
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durbin: mr. president. the presiding officer: the senator from illinois. mr. durbin: mr. president, i rise today to speak in support of the nomination of john lee and jay thorpe to serve on the district court for the northern district of illinois. i have listened carefully to the statement made by the ranking republican on the senate judiciary committee. i would note several things. first, at this point in president george w. bush's first term, the democratic senate had approved 30 more judges that had been -- than have been approved under the current situation with this divided senate. secondly, it would take 60 nominations to be filled by the end of the year, judicial nominations, for president obama to have received the same treatment as president george w. bush in his first term. 60. we could get a lot of that done today. right here are 22 nominations for the judiciary that have cleared the committee. if the senator from iowa to like to come to the floor and join me, we can make a joint unanimous consent request to bring all 22 up immediately. every one of them, all o
durbin: mr. president. the presiding officer: the senator from illinois. mr. durbin: mr. president, i rise today to speak in support of the nomination of john lee and jay thorpe to serve on the district court for the northern district of illinois. i have listened carefully to the statement made by the ranking republican on the senate judiciary committee. i would note several things. first, at this point in president george w. bush's first term, the democratic senate had approved 30 more judges...
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May 18, 2012
05/12
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senator durbin? >> thank you. good to see you. and thank you for your service. you have done an extraordinary job in one of the most challenging times in our nation's history. i thank you personally for taking some time to focus attention on my hometown of east st. louis, illinois, which sadly has one of the highest rates of violent crime per capita in the nation. there's a multiunit task force including fbi agents which is doing its level best to change that. i thank you for your willingness even with limited resources to participate. we have exchanged conversations, correspondence on the issue of training manuals, and i would like to make the record clear today about the current situation. i'm asking to enter into the records letters we exchanged in april and march of this year when it was disclosed when some parts of the training manuals became public, some things had been stated in the training of fbi agents which had been, i would say, characterized as inappropriate and unfair to a b arabs and muslims. and we have spoken about this personally. i have spoken
senator durbin? >> thank you. good to see you. and thank you for your service. you have done an extraordinary job in one of the most challenging times in our nation's history. i thank you personally for taking some time to focus attention on my hometown of east st. louis, illinois, which sadly has one of the highest rates of violent crime per capita in the nation. there's a multiunit task force including fbi agents which is doing its level best to change that. i thank you for your...
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May 15, 2012
05/12
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we'll hear from senator dick durbin, member of the appropriations committee. >>> plus joe torre former manager of the new york yankees talks things all baseball. >>> and emmy award winner jane lynch will be along. that's the "cbs morning news" for this tuesday morning. thanks for watching. i'm manuel gallegus, have great day. -- captions by vitac -- www.vitac.com 23478 ,,,, >> more than one month after seven people were killed in a campus massacre, the new challenge jeopardize in the future of oicos
we'll hear from senator dick durbin, member of the appropriations committee. >>> plus joe torre former manager of the new york yankees talks things all baseball. >>> and emmy award winner jane lynch will be along. that's the "cbs morning news" for this tuesday morning. thanks for watching. i'm manuel gallegus, have great day. -- captions by vitac -- www.vitac.com 23478 ,,,, >> more than one month after seven people were killed in a campus massacre, the new...
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May 23, 2012
05/12
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every group from simpson-bowles to the gang of six with tom coburn over to dick durbin have said we're not going to solve our debt problem unless we do something about defense, about government spending in general, about the programs like social security, medicare and medicaid, and also about revenues. if you don't put all of those things on the table, there will be no bargain. >> our guests are co-authors of the book, "it's even worse than it looks, how american constitutional system collided." this is pittsburgh, pennsylvania, harry, republican line. hi. >> caller: hey, good morning. both sides of the fence are playing against each other, but the last two weeks, it's sort of like a comedy show. i see schumer and casey, this guy got this money from facebook, he's leaving the country. they have been attacking rich people four years. you go back, some of these politicians, harry reid, nancy pelosi they have been doing it forever. they are crying about it. i watch joe biden, they don't get us. he's worth over $5 million, lives in a $2 million. puts skin in the game, gets a pension, salar
every group from simpson-bowles to the gang of six with tom coburn over to dick durbin have said we're not going to solve our debt problem unless we do something about defense, about government spending in general, about the programs like social security, medicare and medicaid, and also about revenues. if you don't put all of those things on the table, there will be no bargain. >> our guests are co-authors of the book, "it's even worse than it looks, how american constitutional...
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May 24, 2012
05/12
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durbin: mr. president, i think that accommodation was to allow the senator from louisiana to have seven minutes, and i'd ask for five minutes before the votes begin. the presiding officer: without objection. the senator from louisiana will be given seven minutes. the assistant majority leader five minutes and the vote will take place at 12:05. is there objection? so ordered. mr. durbin: mr. president, i ask -- the presiding officer: the assistant majority leader is recognized. mr. durbin: i ask the statement of my objection be made a part of the the record. an amendment we will face this afternoon is one that i am offering relative to dietary supplements. i want to make it clear what this is about. if you walk into your neighborhood drugstore and look at everything on the shelf, here's what i can tell you. all the prescription drugs, the pharmacy has access to have been reviewed by the food and drug administration, that they're safe and effective. all of the over-counter drugs have been reviewed
durbin: mr. president, i think that accommodation was to allow the senator from louisiana to have seven minutes, and i'd ask for five minutes before the votes begin. the presiding officer: without objection. the senator from louisiana will be given seven minutes. the assistant majority leader five minutes and the vote will take place at 12:05. is there objection? so ordered. mr. durbin: mr. president, i ask -- the presiding officer: the assistant majority leader is recognized. mr. durbin: i ask...
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May 8, 2012
05/12
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that there's -- and this works for climate change as well as we saw in copenhagen and in cancun and durbin is just the absolute exhaustion with the notion of trying to negotiate amongst 193 countries at these u.n. megaconferences with 193 state representatives and sort of hangers-on like much of us. but i think that -- so i think that what you're going to see, frankly, on the trade front is a greater move towards regional or bilateral ftas, at least for the time being. the obama administration is putting a lot of stock in its notion of the trans-pacific partnership, for instance, which is an interesting experiment to try to define standards up as opposed to defining deviances down. we'll see whether or not they have domestic support for that if the president wins the election in november. on the climate front, again, my sense is that what's happened is that you've gotten a mixture of two different alternatives to the u.n. fccc process notwithstanding a very big pledge to come up with something that's a successor to kyoto. those on the one hand are many-lateral cooperation with does hold so
that there's -- and this works for climate change as well as we saw in copenhagen and in cancun and durbin is just the absolute exhaustion with the notion of trying to negotiate amongst 193 countries at these u.n. megaconferences with 193 state representatives and sort of hangers-on like much of us. but i think that -- so i think that what you're going to see, frankly, on the trade front is a greater move towards regional or bilateral ftas, at least for the time being. the obama administration...
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May 9, 2012
05/12
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. >> dick durbin has been pushing for student loan reform. -- says the burden is no >> more and more students and parents and grandparents are defaulting on the loans. students are too deeply into debt to finish their education. >> i want my degree but at what cost? >> reporting in washington. >> and a hostile takeover bid in the drug industry is brewing. jane king has the bloomberg business report. >> good morning. we talked about how blacks go smithkline made an offer for human genome sciences. that offer was rejected because it was too low. they're trying again with a tender offer at $13 a share. that is the same price they offered before. they said the offer was not fair and it will hurt the stock price. futures this morning are slightly lower. we did have another down day yesterday. more concerned about the european debt crisis. greece is struggling to form a new government. more than 21 jet workers will be laid off at the distribution center in aberdeen. hostess cutting 158 jobs across maryland. anheuser-busch salutes the military. this comes into advance of a new initiative wh
. >> dick durbin has been pushing for student loan reform. -- says the burden is no >> more and more students and parents and grandparents are defaulting on the loans. students are too deeply into debt to finish their education. >> i want my degree but at what cost? >> reporting in washington. >> and a hostile takeover bid in the drug industry is brewing. jane king has the bloomberg business report. >> good morning. we talked about how blacks go smithkline...
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May 8, 2012
05/12
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but also i would like to remind my colleague, senator durbin mentioned the last time we did a transportation bill it was bipartisan but, in fact, the last two times it was bipartisan but the economic situation was far different than we face today. the economy was strong the last two times we passed transportation bills. the trust fund was flush with money. and we did have congressionally directed funding. but we also today face unsustainable deficits and debt, so we need to make sure we're moving forward with a bill that is paid for and i might add in a responsible way not smoke mirrors but to make sure we pay for this and pay for it in the right way. i also think there are things we've added to this, the keystone pipeline for one, it will improve our energy, the ability to get energy and create jobs because i also believe that this bill can be a job creator, can improve the economy, but key to what we believe in the house are the reforms, the stream lining reforms. as many of you know it takes on average 14 to 15 years to build a major construction project, the highway construction project
but also i would like to remind my colleague, senator durbin mentioned the last time we did a transportation bill it was bipartisan but, in fact, the last two times it was bipartisan but the economic situation was far different than we face today. the economy was strong the last two times we passed transportation bills. the trust fund was flush with money. and we did have congressionally directed funding. but we also today face unsustainable deficits and debt, so we need to make sure we're...
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May 20, 2012
05/12
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join us on the debate on spending and your taxes with dick durbin, and paul ryan. and the political roundtable will weigh in on if the election were held today, just what would happen? we will go inside all the important numbers and arguments. it's all this morning on "meet the press." stay tuned after the program for my "press pat" conversation with madeline albright. that's all here on nbc 4. >>> everybody probably watches "saturday night live" for the laughs. >> but last night the cast got emotional in honor of a departing star. >> you meant quite a lot to us over the past seven years. she got held back. so the department got together and prepared a song to say good-bye. this one's for you. >> after seven years, kristen wiig is leaving the show. each cast took a turn dancing with her, and she was serenaded with two hits. the smash hit "brides maid" made her a starlet. and it's rumored jason sudeikis and andy samberg won't return, but maybe it's a rumor. i loved her dress. everybody said that was a great show. and we want to give a shout-out to the mamas for the
join us on the debate on spending and your taxes with dick durbin, and paul ryan. and the political roundtable will weigh in on if the election were held today, just what would happen? we will go inside all the important numbers and arguments. it's all this morning on "meet the press." stay tuned after the program for my "press pat" conversation with madeline albright. that's all here on nbc 4. >>> everybody probably watches "saturday night live" for the...
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bird found that the fees of violate department of education rules and senator dick durbin for one has been taken too kindly to these revelations and although the senate is currently in recess he did release the following statement yesterday saying the following students of parents and taxpayers should be outraged by unreadable fees and sweetheart deals and valving campus debit cards when a financial institution charges debit card fees some as high as fifty dollars for students to access their student aid federal money the institution is taking away taxpayer subsidized funding that should be helping students pay for their education i'll be working in washington to put an end to the un reasonable practices highlighted in this report and to protect taxpayer investment well even of durban is successful in passing regulations here you can bet your bottom dollar the banks will probably just find a new way to screw over students just like they did after obama nationalized the student loan industry according to romney when it comes of bypassing regulations preying on the vulnerable these bank
bird found that the fees of violate department of education rules and senator dick durbin for one has been taken too kindly to these revelations and although the senate is currently in recess he did release the following statement yesterday saying the following students of parents and taxpayers should be outraged by unreadable fees and sweetheart deals and valving campus debit cards when a financial institution charges debit card fees some as high as fifty dollars for students to access their...
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May 9, 2012
05/12
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durbin: mr. president? the presiding officer: the senator from illinois. mr. durbin: first i want to thank senator kerry, chairman of the senate foreign relations committee for coming to the senate floor and speaking about our mutual friend, colleague nor dick lugar, who serves as the ranking republican on that senate fr foreign relations committee. i am a new come her to that committee but i am not a newcomer to my knowledge of dick lugar. 16 years ago he was well-known throughout the mid-west for his service as mayor of indianapolis where he combined and made more efficient local units of government and i think the rebirth of indianapolis is attributed to those early steps by dick lugar. loretta, my wife and i, came to snow dick and his wife through an institute. i think we need to encourage where members come together to discuss foreign policy issues. dick lugar was there and always a major contributor when it came to issues of importance. before i arrived in the 123459 when you were still here, senator kerry, he teamed up with senator sam nunn to deal with
durbin: mr. president? the presiding officer: the senator from illinois. mr. durbin: first i want to thank senator kerry, chairman of the senate foreign relations committee for coming to the senate floor and speaking about our mutual friend, colleague nor dick lugar, who serves as the ranking republican on that senate fr foreign relations committee. i am a new come her to that committee but i am not a newcomer to my knowledge of dick lugar. 16 years ago he was well-known throughout the mid-west...
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May 15, 2012
05/12
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. >>> with us senator dick durbin. he oversees banks. good morning. >> good morning. >> tell us what you want to know. what details, what information do you need in your role at the senate? >> i could care less if a person buy as losing ticket at the kentucky derby but when the folks at chase decide to gamble money, they're gambling with the taxpayers' money. it sunlt just a loss for the stockholders or the investors. it's a potential loss for american taxpayers and middle income families. why don't we go forward with the volcker rule. it's not in effect until the middle of july. the volcker rule says they should. be engaged in proprietary trading that could endanger their capital positions. the volcker rule is a sensible step forward for more accountability and more transparency. >> would the volcker rule have made what happened at j p morga chase illegal? >> i think so. we're not sure whether it was a proprietary trade. if it was trading its own money, yes, it would be affected by the volcker rule. what we want is to limit that exposur
. >>> with us senator dick durbin. he oversees banks. good morning. >> good morning. >> tell us what you want to know. what details, what information do you need in your role at the senate? >> i could care less if a person buy as losing ticket at the kentucky derby but when the folks at chase decide to gamble money, they're gambling with the taxpayers' money. it sunlt just a loss for the stockholders or the investors. it's a potential loss for american taxpayers and...
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May 20, 2012
05/12
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and paul ryan about that. >> durbin and ryan together, must-see tv. >> and yeah, madeline albright talks about her past growing up . >> we could have a verdict this week, and what do you think 30 years? >> he has already fallen from grace. what has been controversial is whether it's the best use of government resources to go after him, you know, when his children have already lost so much. but this is a very interesting case of whether he just sinned or whether he committed a crime redirecting campaign funds. yeah, looks like earlier this week we could have a verdict. >> thank you for being here. appreciate it. >>> and weather-wise, not so bad to round out the weekend. >> let's check in with chuck. >>> yesterday was clearly a 10 out of 10. today, 8.5, and maybe a 9. we will talk about today, monday and the rest of the week. and t[ male announcer ]k. u.s. olympian gwen jorgensen is going for aluminum. cullen jones is in it for water-resistant thermoplastic. and amanda mcgrory? she's competing for carbon fiber. they're not just going for gold, they're joining with citi to give back to the
and paul ryan about that. >> durbin and ryan together, must-see tv. >> and yeah, madeline albright talks about her past growing up . >> we could have a verdict this week, and what do you think 30 years? >> he has already fallen from grace. what has been controversial is whether it's the best use of government resources to go after him, you know, when his children have already lost so much. but this is a very interesting case of whether he just sinned or whether he...
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May 9, 2012
05/12
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durbin: i yield the floor. a senator: mr. president? the presiding officer: the senator from maryland is recognized. mr. cardin: thank you, mr. president. i take this time to urge my colleagues to allow us to move forward on the consideration of the stop student loan rate hike act so that we can allow the interest rates on student loans to remain at its current level rather than doubling, which will happen on july 1 unless we take action. mr. president, i come to the floor to express the views of many marylanders who i have talked to about the cost of higher education. we cannot allow the interest costs to go up. it will affect seven million students and their families. we already have too much college debt families have to incur as a result of the cost of college education. we are not competitive with the rest of the world. we look at countries that we compete with and we look at the cost of higher education in their country, compared to what our students have to endure, we start off behind because of the enormous cost to a family to b
durbin: i yield the floor. a senator: mr. president? the presiding officer: the senator from maryland is recognized. mr. cardin: thank you, mr. president. i take this time to urge my colleagues to allow us to move forward on the consideration of the stop student loan rate hike act so that we can allow the interest rates on student loans to remain at its current level rather than doubling, which will happen on july 1 unless we take action. mr. president, i come to the floor to express the views...
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May 15, 2012
05/12
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durbin: mr. president? the presiding officer: the senator from illinois. mr. durbin: mr. president, before i say a word about the export-import bank, i would like to speak in morning business. i ask consent to speak in morning business. the presiding officer: without objection. mr. durbin: mr. president, the comments that were just made by the republican senate leader about the procedures in the senate are comments that i'd like to speak to directly, and first, perhaps to his sacrifice, let me say that i agree with him. the senate is not what it should be. it is an important part of this government. it is an important part of this nation. and it should be an important forum for the deliberation of critical issues that face us. historically, that's the role it's played, but what we found over the last several years is that we have lapsed into a new senate and not a very good one from my point of view. it is a senate that is overrun with filibusters. filibusters used to be so rare, one or two a yea
durbin: mr. president? the presiding officer: the senator from illinois. mr. durbin: mr. president, before i say a word about the export-import bank, i would like to speak in morning business. i ask consent to speak in morning business. the presiding officer: without objection. mr. durbin: mr. president, the comments that were just made by the republican senate leader about the procedures in the senate are comments that i'd like to speak to directly, and first, perhaps to his sacrifice, let me...